FirmaIQ
Org.nr 920 226 647 2020 → 2021 Year-over-year analysis

ADVOKATFIRMAET OSLO LEGAL AS: årsregnskap 2021 vs 2020

Shrank 33% on revenue, cash halved-plus

approved 2022-04-28; registry 2022-05-02; journal 2022 245105

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for ADVOKATFIRMAET OSLO LEGAL AS. Revenue 1.80m NOK → 1.21m NOK (-32.8%). Net result +7 426 NOK → +2 992 NOK. Equity 59.8k NOK → 62.8k NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
1.80m NOK 1.21m NOK
-32.8%
Operating result
+11.7k NOK +8 661 NOK
-25.8%
Net result
+7 426 NOK +2 992 NOK
-59.7%
Equity
59.8k NOK 62.8k NOK
+5.0%
Cash
513.6k NOK 168.8k NOK
-67.1%
Total assets
120.4k NOK 409.7k NOK
+240.3%

What improved

  • ↑

    Equity strengthened

    Book equity 59.8k NOK → 62.8k NOK (equity ratio 49.7% → 15.3%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.80m NOK to 1.21m NOK (-32.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +11.7k NOK → +8 661 NOK (op. margin 0.6% → 0.7%). Calculated

  • ↓

    Net result weakened

    Net result +7 426 NOK → +2 992 NOK (net margin 0.4% → 0.2%). Calculated

  • ↓

    Cash fell

    Bank deposits 513.6k NOK → 168.8k NOK (-67.1% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.36m NOK → 2.81m NOK (76% → 233% of revenue). Calculated